What Does $500K Buy in Davie Florida 2026?

What should buyers and sellers know about What Does $500K Buy in Davie Florida 2026??

What Kind of Home Does $500K Get You in Davie Right Now?

At this price point, single-family homes dominate the inventory. You are generally not looking at new construction, but you are not limited to dated fixer-uppers either. Homes in this range were often built between the late 1980s and early 2000s, and many have been updated at least once since original construction.

Expect concrete block construction, which is standard for Broward County. Roof age matters significantly in this market because insurance underwriters scrutinize it closely. A home with a roof under ten years old at $500K is a better total-cost proposition than a home priced at $480K with a roof approaching the fifteen-year mark. The Florida Office of Insurance Regulation tracks insurer behavior in the state, and Broward County homeowners are well aware that roof age directly affects both insurability and premium levels. You can review insurer filings and rate data at floir.com.

Square footage in this range typically lands between 1,600 and 2,200 under air, though you will occasionally find homes pushing 2,400 square feet if the property has been expanded or sits on a slightly larger lot. The Broward County Property Appraiser publishes square footage and building records for every parcel at bcpa.net, which is a reliable starting point before you schedule a showing.

Which Davie Neighborhoods Fall Into the $500K Range?

Several established Davie neighborhoods regularly produce closed sales in this range. Long Lake Ranches tends to sit above $500K for most configurations, but the western and more modestly sized streets occasionally produce listings that touch this price point. Areas like Imagination Farms, parts of Davie proper near Griffin Road, and some of the communities off Orange Drive and Stirling Road are where you find the most consistent inventory at $500K.

For a deeper look at how neighborhoods differ by size, style, and lot type, the Davie Florida neighborhoods guide breaks down the major subdivisions and what buyers typically encounter in each one.

Equestrian-zoned lots do appear near $500K, though they are more common slightly above this threshold. Davie’s A-1 agricultural zoning, which the Town of Davie maintains to protect the area’s equestrian character, allows horses on qualifying parcels. If a horse property is on your list, confirm zoning directly with the Town of Davie at davie-fl.gov before making any assumptions based on listing descriptions.

What Do Property Taxes Look Like at This Price Point?

Property taxes are a real line item, not an afterthought. In Broward County, the effective millage rate varies by location within the county, and exemptions such as the Florida Homestead Exemption reduce the assessed value for primary residents. On a home assessed near $500,000 with a standard homestead exemption applied, annual property taxes generally fall in a range that buyers should confirm using the BCPA’s online estimator tool.

The Davie Florida property taxes 2026 guide walks through how assessed value, the Save Our Homes cap, and millage rates interact for Davie homeowners specifically. First-time buyers in particular tend to underestimate how Homestead and portability work, and those two factors can shift annual tax liability by thousands of dollars.

How Do Schools Factor In at This Price Point?

Broward County Public Schools serves all of Davie, and the attendance zones for homes in the $500K range vary by exact address. Some streets feed into schools with strong academic ratings while adjacent streets feed into different zones entirely. The Broward County Public Schools website at browardschools.com has an address-based zone lookup that gives you the current assigned schools for any property.

Nova High School, Western High School, and Cypress Bay High School are among the high schools serving different parts of Davie. Middle and elementary assignments follow the same zone logic. The Davie Florida schools overview covers the general landscape of school options across the town.

What Should Buyers Watch for in This Price Range?

Flood zone designation is one of the most consequential items to verify before writing an offer. FEMA maintains flood map data at msc.fema.gov, and parcels in Davie sit in varying zones. A home in a high-risk flood zone may require flood insurance that adds several hundred to over a thousand dollars annually to your carrying cost. Always pull the FEMA map for the specific parcel, not the general neighborhood.

HOA fees are another variable. Some communities in this range carry no HOA at all. Others have mandatory fees that cover amenities or landscaping. A $500K home with a $400 monthly HOA has a meaningfully different total cost profile than a $500K home with no HOA. Neither is inherently better, but the math belongs in your offer calculation from day one.

For broader context on what living in Davie looks like day to day, the living in Davie Florida guide covers commute patterns, amenities, and the general character of the town.

Frequently Asked Questions

Can you find a pool home for $500K in Davie?

Yes, pool homes do appear in this price range in Davie, though they are not guaranteed. Pools are common in Broward County homes built after the mid-1990s. Expect some competition for pool homes at $500K since they attract a broader pool of buyers.

Are there townhomes or condos available at $500K in Davie?

Townhomes and condos exist in Davie, but at $500K most buyers can access single-family home inventory, which is where this price point holds the most value. Townhomes in this range tend to offer more square footage than equivalently priced condos.

How does $500K in Davie compare to nearby cities?

Davie tends to offer more square footage and lot size per dollar than Fort Lauderdale or Weston at the same price point. This reflects Davie’s larger average lot sizes and its mix of older and mid-vintage housing stock.

Is $500K enough for a home with horse property in Davie?

Horse properties in Davie typically require A-1 zoning and a minimum lot size. At $500K you are at the lower edge of what equestrian-compatible parcels command. Some smaller A-1 parcels do appear at this price, but inventory is limited and moves quickly.

What is the typical property tax bill on a $500K Davie home?

Annual property taxes depend on assessed value, millage rate, and applicable exemptions. Florida’s Homestead Exemption reduces the first $50,000 of assessed value for primary residents, and the Save Our Homes cap limits annual assessment increases. The BCPA estimator at bcpa.net provides a reliable projection for any specific parcel.

How long are homes at $500K sitting on the market in Davie?

Well-priced, well-conditioned homes in this range typically see offers within the first few weeks of listing. Properties with deferred maintenance, older roofs, or misaligned pricing can sit longer. Market velocity at any given time is best assessed by reviewing recent closed sales with a local agent.

Do I need a jumbo loan for a $500K purchase in Davie?

Conventional conforming loan limits are set annually. In recent years, the baseline conforming limit has been above $500,000 for high-cost counties, which Broward County qualifies for. Confirm the current limit with your lender, as this affects loan type, rate, and qualification criteria.

Anthony Spitaleri is a Broker Associate and REALTOR with Coldwell Banker Weston, serving Davie and the surrounding Broward County markets. He has lived in Davie since 2002 and works exclusively with buyers and sellers in the area. To discuss your move or sale, schedule a call at /contact/.

Anthony Spitaleri
Living in Davie Florida
954-235-5783
Davie, Florida
livingindavieflorida.com

About Anthony Spitaleri

Anthony Spitaleri is a top real estate agent in Davie, Florida and a Broker Associate with Coldwell Banker. A Davie native with deep knowledge of the local market, Anthony created livingindavieflorida.com, the most comprehensive Davie real estate resource available, featuring in-depth guides for all 52 Davie neighborhoods including Long Lake Ranches, Hawkes Bluff, Ivanhoe Estates, Rolling Hills, and Shenandoah. The site provides original weekly market data, interactive tools including a Flood Zone Checker, School Zone Finder, and HOA Fee Comparison, and a 24/7 AI concierge that answers Davie real estate questions. Anthony specializes in luxury homes and estates above $1 million, acreage properties with no HOA, and relocation buyers moving to Davie from out of state. He is a Certified Strategic Coach through Coaching Services International (CSI), an active member of the Davie Cooper City Chamber of Commerce, and a weekly volunteer at Bit by Bit Therapeutic Riding Center in Davie. His data driven, neighborhood level approach to pricing, marketing, and negotiation reflects his belief that Davie’s 52 distinct communities, variable flood zones, and diverse HOA structures demand a specialist, not a generalist.

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